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Taxware Integration with IBM Commerce Solutions

IBM Smarter Commerce with Taxware Now you can combine IBM Smarter Commerce and Taxware compliance solutions for accuracy, consistency and control over sales and use tax management.  Through an API maintained by Taxware, IBM Smarter Commerce users have full access to Taxware’s determination and reporting tools for sales, use, and Value-added tax compliance. With this […]

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Black Friday by the Numbers [Infographic]

Blurring the line between Black Friday and Cyber Monday With online and mobile shopping growing exponentially and blurring the line between Black Friday and Cyber Monday, it’s important that your sales tax determination software is able to accurately handle the expected volume wherever your customers are buying; online, in a store, or over the phone. The holiday shopping […]

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CFOs rank state tax environments in recent study

A recent report by CFO, the 2014 CFO State Tax Survey, examined how 78 tax directors responded to state tax compliance changes implemented in 2013. These directors were asked to rank states based on various tax-related issues. The report noted certain states are increasing their tax collection efforts for out-of-state corporations. “One way of doing so […]

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Sales and Use Tax Nexus – A Continually Moving Target

Sales and Use Tax Nexus – A Continually Moving Target One of the most interesting (some would say frightening) developments in the sales tax world over the last several years has been the concerted efforts by several states to expand the scope of activities that would compel an organization to collect and remit tax their […]

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Puerto Rico Revises Forms for Sales and Use Tax on Imports

Puerto Rico Revises the Title of the Forms to Report and Declare the Sales and Use Tax on Imports Yesterday, October 8, 2014, the Treasury Department of Puerto Rico (the Hacienda) issued Tax Policy Informative Bulletin 14-02, wherein the Hacienda provided that in order to avoid confusion among merchants and importers at the time they […]

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Cloud Computing: Part 4 – Cloudy With a Chance of Sales Tax

Cloud Computing: Part 4 – Cloudy With a Chance of Sales Tax – An Overview of State Tax Schemes Being Applied to Cloud Based Transactions This is the fourth and final part of our blog series addressing issues related to the taxation of cloud based transactions. Previously, we addressed what the cloud is, why businesses should concern […]

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What Do Tax Managers Do?

What Do Tax Managers Really Do? According to wisegeek, Tax managers prepare the required government documents concerning taxes, ensure the accuracy of these documents, and offer solutions to pressing tax problems. Tax managers must be familiar with international, domestic, state, and local tax laws.   That got us thinking about what Tax Managers really do.  So […]

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New survey highlights importance of prioritizing information security

A recent survey sponsored by document management firm RR Donnelly and published by CFO Research found information security often takes a backseat compared to productivity. In regard to tax reporting, the implications of the survey have serious ramifications, as security breaches could lead to the loss of tax identification numbers (TINs) and other sensitive data. The researchers […]

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New Sales Tax Filing Alternative in Puerto Rico

Recently, Puerto Rico made some important changes to their filing processes that affect all businesses selling goods and services into that territory.  The changes are happening so rapidly that we set up an online Puerto Rico Sales Tax Changes Resource Center with news updates, FAQs and white papers to help businesses to better understand the latest rules […]

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More Changes For Puerto Rico Sales Tax Filing

View our Puerto Rico Sales Tax Changes Resource Center with news updates, FAQs and whitepapers to help you to better understand the latest rules and regulations. New Sales Tax Filing Alternative in Puerto Rico Announced September 19, 2014 Due to technical difficulties in the new Portal Integrado del Comerciante (PICO) system and other factors, the Treasury Department […]

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Charging Puerto Rico Sales Tax When Using 3rd Party Carrier?

Here is another answer in our Ask a Tax Expert Series, where our team of 40+ Tax Experts respond to your questions. Question: Charging Puerto Rico Sales Tax When Using 3rd Party Carrier? “We are an internet retailer that uses a third-party carrier to deliver products to Puerto Rico residents. Due to the recent Tax […]

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Cloud Computing: Part 3 – Where is the Cloud?

*This is part 3 of a four part blog series addressing the nexus and sourcing issues associated with sales tax and cloud computing.  In part 1, we addressed what the cloud is and in part 2 we discussed why businesses should concern themselves with cloud based transactions. The following discussion will address sourcing issues and rules […]

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Ask the Tax Expert: Taxing Sales to Puerto Rico Destinations?

Another answer in a series of Ask the Tax Expert series, where Taxware Tax Research experts answers your sales and use tax questions.   The following question was recently submitted: Q. Would a company making sales to PR destinations be affected? We do not have operations in PR, but sell to customers in PR. A.  As an unincorporated […]

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New bill could introduce sales tax for Internet sales

Since Internet sales became popular, some brick-and-mortar retailers have been disgruntled because online retailers often aren’t required to collect sales and use tax. According to AccountingWeb, traditional retailers complained their online counterparts gained an unfair advantage as a result. In July, the U.S. Senate introduced Senate bill (SB) 2609, known as the Marketplace and Internet […]

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Cloud Computing: Part 2 – Are My Cloud-Based Transactions Tax Exempt?

*This is Part 2 of a 4-part blog series addressing the issues associated with sales tax and cloud computing. In Part 1, we addressed what the cloud is. The following discussion will address why you should care about the cloud. A detailed explanation of Cloud Computing including SaaS, PaaS, or IaaS (which are referenced below) […]

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Getting it Right: The Importance of Sales Tax Holiday Content Updates

For retailers, the burden associated with Sales Tax Holiday administration can be enormous if they do not have a sales tax compliance management system in place. With Sales Tax Holidays in full swing, retailers will need to reset their cash registers or point-of-sale systems, customize their tax rates and remap their product SKUs. Without the […]

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Sales Tax Changes in Puerto Rico (PICO)

Sales Tax Changes in Puerto Rico – What Taxpayers Need to Know to Remain Compliant Also View in: Pursuant to the enactment of Laws 40 and 117 of 2013, and Laws 18, 19 and 80 of 2014, the sales and use tax regime that applies in the Commonwealth of Puerto Rico has undergone a deep […]

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Do You Know Your Candy Tax Facts? Test Your Candy Tax IQ!

  Many states have exemptions or lower rates that apply to food, but sometimes those rules don’t apply to candy. The Streamlined Sales Tax Program (SSTP) set out to create uniform definitions of items in order to simplify sales and use tax collection and administration by retailers and states. What the SSTP considers to be […]

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